Discussion Post: Economics
For many Americans, buying a home is a goal. But it is also expensive compared to renting. Explain some of the advantages and disadvantages of buying a home compared to renting. What are some of the key issues a first-time homebuyer should consider?
Additionally, describe a housing-related goal that you may have for yourself. What types of financial information might you need to be able to create a starting point for reaching this goal? Will you consult a financial advisor, open a savings account, or reach out to someone you know who has purchased a home?
Example of a housing goal: "I'd like to have 20% saved as a down payment on a new home."
The response must include a reference list. Using Times New Roman 12 pnt font, double-space, one-inch margins, and APA style of writing and citations.